Vietnam

Vietnam

Tax credit for R&D and Patents

Description of Incentive

Tax deductions for R&D expenses incurred and an addition R&D tax credit of 25% of incremental qualifying spend of the base year can be relieved against the corporation tax charge for the period. Excess R&D credits are eligible to be refunded in cash, equating to a total tax relief of 37.5% (corporate tax rate of 12.5% and R&D rate of 25%), allowing companies a maximum refund of €37,500 for every €100,000 spent.

Taiwan’s Ministry of Economic Affairs plan to set up an open innovation service platform to encourage cooperative R&D programs. The project will cost NT$5 billion and will take four years to complete. [...]